Value Added Tax

Buhari writes Senate, seeks amendment to Finance Act

A letter from the office of President Muhammadu Buhari with a request for amendment of the Finance Act, 2019 (Amendment)…

5 years ago

New VAT rate takes off as Buhari signs Finance Bill into law

The increase of the Value Added Tax (VAT) rate from 5 per cent to 7.5 per cent has taken effect…

5 years ago

Finance Bill: SMEs with less than N25m turnover will pay zero tax ― Ahmed

Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said that small and medium enterprises (SMEs) with a…

5 years ago

Senate proposes communication service tax, may reject VAT increase

The Senate is set to reject the proposed 2.2% increase in the Value Added Tax (VAT) being planned by the…

6 years ago

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